Datalogic S p A : Conference Call

Q1 2024 Results Conference Call

MAY 15TH,2024

Q1 2024 Highlights: positive progression in DC booking trends whilst quarter revenues still down as expected

Revenues (€ mln)

GOM (€ mln)

Adj. EBITDA (€ mln)

Net Result (€ mln)

Net Debt (€ mln)

	-23.5%
	145.5		111.3
Q1 2023	Q1 2024
Revenues	decreased	by
23.5% vs Q1 '23 as expected,
due to market softness across
all main verticals, particularly
the	Industrial	Automation
segment
Booking improvement in the
Data Capture segment at the
end of Q1 '24 should drive
positive revenue	progression
QoQ

40.9% margin 38.4%

59.4 42.8

Q1 2023

Q1 2024

Gross Operating Margin, at

38.4% slightly higher than Q4

'24 but still down compared

to Q1 '23 (-2.4 pp) due to

heavy volumes contraction

and lower cost absorption,

whilst productivity keeps

improving

8.9% margin 1.9%

12.9

		2.1
Q1 2023	Q1 2024

R&D Cash Out at €15.1M, at

13.6% on revenues (10.6% in

Q1 '23), maintaining solid

levels of R&D investments

Adj EBITDA margin at 1.9%

(8.9% in Q1 '23), mainly due

to volume effect

2.2% margin 5.4%

3.2		6.0
Q1 2023	Q1 2024
Positive	Net	Income
benefitting	from	the capital

gain of the sale of Informatics

35.3

22.7

Q1 2023

Q1 2024

Net Debt in Q1 '24 below EoY

'23 at €22.7M (€35.3M in FY23) thanks to the sale of 100% share capital of th non "core" subsidiary Informatics

Holdings, Inc.

Note: Q1 2023 Restated with (i) some commercial costs reclassified from S&D expenses to Revenues reduction and (ii) without INFX results - INFX Net Income reported as «Net Result from discontinued

operations»	2

Group Revenues by Geography and Market Segment

		EMEAI			AMERICAS			APAC				Total Datalogic
€m
	Q1 2023				Q1 2023				Q1 2023					Q1 2023
	Q1 2024	restated*	Var %	Q1 2024	restated*		Var %	Q1 2024 restated*	Var %		Q1 2024		restated*	Var %
Data Capture	38.5	55.3	(30.3%)	22.8		26.4		(13.6%)	6.5	9.3	(29.8%)	67.8		90.9	(25.4%)
Industrial Automation	29.1	31.1	(6.3%)	9.2	11.5		(19.9%)	5.2	12.0	(56.6%)	43.5	54.5	(20.2%)
Total Datalogic	67.7	86.4	(21.7%)	32.0		37.8		(15.5%)	11.7	21.3	(44.9%)		111.3		145.5	(23.5%)

% on Datalogic Revenues		% on Datalogic Revenues
APAC
10.5%		Industrial
		Automation
	39.1%
EMEAI
60.8%
Americas		Data Capture
60.9%
28.7%

* Restatement with some commercial costs reclassified from S&D expenses to Revenues reduction

3

New Products Launches and Innovation

Mobile		Sensor & Safety & Machine Vision

MX-G 2000 Vision	UFT Series	S3N-W
Processor

MEMOR 11

CODISCAN

HEALTHCARE

SH4 Active/Passive models

LIDAR LGS-N25

R&D cash out at 13.6%, +3.0 bps vs Q1 2023 (10.6%). Investments in R&D continue in line with our plan to launch new products, including the first model of the new generation of mobile products and the new generation of fix retail scanners.

4

Q1 2024 P&L

€ m	Q1 2024	Q1 2023	Var %
restated*
Revenues	111.3	145.5	(23.5%)
Gross Margin	42.8	59.4
% on Revenues	38.4%	40.9%	-2.4 pp
Operating expenses	(48.2)	(54.5)
% on Revenues	(43.3%)	(37.5%)	-5.8 pp
Adjusted EBITDA	2.1	12.9
% Adj. Ebitda margin	1.9%	8.9%	-7.0 pp
Adjusted EBIT	(5.5)	4.9
% Adj. Ebit margin	(4.9%)	3.4%	-8.3 pp
EBIT	(7.2)	3.4
% Ebit margin	(6.5%)	2.4%	-8.8 pp
Net Result	6.0	3.2
% on Revenues	5.4%	2.2%	+3.2 pp

• Gross Margin at 38.4% (-2.4 pp YoY) affected by volumes reduction and lower cost absorption, partially offset by positive productivity
• Operating expenses at €48.2m, preserving substantial investments in R&D and S&D, whilst tightening control over discretionary
• Adj EBITDA margin at 1.9% (-7.0 pp YoY), due to highly negative volume impact on operating expenses, partially offset by productivity improvement and costs savings
• Net Result at €6.0m vs €3.2m in Q1 23 thanks to the capital gain of €17.2m from the sale of 100% stake in Informatics

* Restatement with (i) some commercial costs reclassified from S&D expenses to Revenues reduction and (ii) without INFX results - INFX Net Income reported as «Net Result from discontinued

operations»	5

EBITDA Adj: actual vs last year

€ m

12.9

(13.3)

(3.3)

(1.0)1.2

Q1 2023

Volume

Price

Mix

Productivity

8.9% on Group

Revenues

Positive Items

Negative Items

2.1

0.2

5.4

Structure

FX Effect

Q1 2024

1.9% on Group

Revenues

6

Net Debt & Cash Flow Analysis : Dec'23 - Mar'24

€ m

Positive Items

Negative Items

								0.1
									(22.7)
	2.1						27.3
(35.3)		(6.7)
			(4.2)
				(0.8)	(2.9)
						(2.3)
NFP Dec 23	EBITDA Adj.	Ch. TWC	Net	Taxes	Net Financial	Others	M&A	Others, not	NFP Mar 24
			Investment		Charges			operating
					7

Contacts

IR CONTACTS

IR Manager

Alessandro D'Aniello

Tel. [phone] [e-mail] Via Candini, 2

40012 Lippo di Calderara di Reno Bologna - Italy

IR Advisor Vincenza Colucci

CDR Communication Srl

Tel. [phone] [e-mail]

IR Assistant Daniela Giglioli

Tel. [phone]

Fax [phone] [e-mail]

NEXT EVENTS

May 21, 2024

Italian Investment Conference

August 02, 2024

1H 2024 Results

DATALOGIC ON LINE

www.datalogic.com

8

THANK YOU

This presentation contains statements that are neither reported financial results nor other historical information. These statements are forward-looking statements. These forward-looking statements rely on a number of assumptions and are subject to a number of risks and uncertainties, many of which are outside the control of Datalogic S.p.A., that could cause actual results to differ materially from those expressed in or implied by such statements, such as future market conditions, currency fluctuations, the behavior of other market participants and the actions of governmental and state regulators

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